If your accounts are in different currencies, which they might be, each one should be denominated in the correct currency. The parent accounts (Assets:Current) probably also need to be set up separately for each currency.
However, I am not a multi-currency user, so I may be wrong.... David C On Fri, Jul 7, 2017 at 1:30 PM, Aaron Laws <dartm...@gmail.com> wrote: > On Fri, Jul 7, 2017 at 1:54 PM, Paul Leniston <paullenis...@hotmail.com> > wrote: > > > I have just downloaded gnucash and am a little confused. > > > > > > I have two bank accounts, one in UK and one in Spain. Do I need a > > differrent common account for each one? > > > > > > In the UK bank I have three accounts. There is a current account, a > > deposit account and a credit card account. Do I need a different common > > account for each one. > > > > > > Finally I have two long term savings accounts at different banks. Do I > > need a different common account for each one? > > > > > > thanks in advance > > > > > > Paul > > > The usual way to handle this is to have a root level account, Assets, which > is a parent of these accounts. It may also be helpful to you for reporting > purposes to create a subaccount of Assets named Current where you can put > your "current" assets. The credit card is not as asset since it accumulates > debt (liabilities), so it should not be found under the Assets root level > account. You will likely create another root level account, Liabilities, > and again might consider creating a subaccount thereof, Current, for your > "current" liabilities. So, something like this: > > Assets > | > ---Current > | > --- UK Chequing > --- UK Saving > --- Spain Savings > Liabilities > | > ---Current > | > --- UK Credit Card > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
